New Jersey fines five cannabis MSOs as it cracks down on its cannabis industry

35 0

The Garden State is going after cannabis MSOs that didn’t play by the rules

New Jersey’s recent cannabis market has been a great success, but part of that is because officials are fully enforcing policies. New Jersey cannabis regulators have announced that a total of five multi-state operators (MSOs) have received a combined fine of more than $350,000 because they failed to follow the instruction book properly.

The advent of recreational cannabis was delayed by the New Jersey Cannabis Regulatory Commission (CRC) earlier this year due to the belief that existing medical retailers did not have the capacity to serve both types of customers at the time. Two months later, CRC cleared seven of the 11 medical cannabis operators to be part of this new market on the premise that they were responsible enough companies to continue to prioritize the needs of medical patients.

On April 21, those seven companies officially opened their doors to adult-use customers in 12 of the state’s 24 retail stores. It was certainly a very special day for residents and the cannabis industry in the Garden State. Some of the most relevant cannabis operators in the US pledged that patient care under New Jersey’s medical program would remain a top priority.

The answer was two hours a day for patients only (often, the first hour and last hour of operation are reserved for medical patients in a dispensary). Five of the seven companies that were part of that day were fined a combined $360,000 by the CRC for allegedly failing to comply with those medical-only hours. Green Thumb Industries and Ascend Wellness Holdings were each fined $80,000, while Verano Holdings, Acreage Holding and Curaleaf were fined $90,000, $60,000 and $50,000, respectively.